Hamburg-based Nauticor and Novatek Green Energy, which is part of Russia's largest independent natural gas producer Novatek, have signed a Letter of Intent (LOI) to further develop the LNG bunkering market in the Baltic Sea region via truck and bunker barge deliveries.
Announcing the proposed cooperation, Nauticor said particular focus would be on the development of LNG supply infrastructure at ports along the German Baltic Sea coast.
Both companies are already active market players in the North European LNG market. Novatek has LNG production capacities in Yamal and Vysotsk which ‘would be suitable to satisfy the growing demand from shipping, logistics and industry for alternative fuels in Central and Western Europe,’ said a company statement.
Nauticor has set up marine LNG supply chains in Northwest Europe, via truck and ship delivery, and has been operating the Kairos LNG bunker supply vessel since the start of 2019.
Commenting on the link-up with Novatek, Nauticor’s Senior Business Development Manager, Gregoire Hartig, said he believed that: ‘This cooperation combining the strengths of a leading marine LNG provider with those of one of the world’s largest LNG producers will benefit those companies that choose using LNG as fuel as it is improving the availability of LNG in a growing number of locations.
‘The commitment of a strong player like Novatek, to support the development of small-scale LNG infrastructure in the Baltic Sea and beyond, underlines Nauticor’s efforts to develop the last mile of the LNG supply chain from the terminal to the end-customer.
He concluded: ‘The Rostock LNG terminal is obviously an important addition to that and a natural starting point for such a cooperation.’
As previously reported, in September last year Novatek and Japan’s Saibu Gas announced they would be setting up a joint venture for LNG bunkering and gas-fired power generation in Japan and the Asia region.
The two companies are also looking to build and operation a new LNG storage tank at the Hibiki LNG terminal.